Insider Selling: Leonardo DRS (NASDAQ:DRS) CEO Sells $1,665,630.57 in Stock

Leonardo DRS, Inc. (NASDAQ:DRSGet Free Report) CEO John Baylouny sold 36,471 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $45.67, for a total value of $1,665,630.57. Following the sale, the chief executive officer directly owned 122,435 shares in the company, valued at $5,591,606.45. The trade was a 22.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Leonardo DRS Stock Performance

DRS stock opened at $44.69 on Thursday. Leonardo DRS, Inc. has a 1-year low of $32.43 and a 1-year high of $50.59. The company has a current ratio of 1.86, a quick ratio of 1.52 and a debt-to-equity ratio of 0.05. The firm has a market cap of $11.92 billion, a PE ratio of 41.77, a P/E/G ratio of 3.30 and a beta of 0.34. The business’s 50-day moving average price is $44.44 and its two-hundred day moving average price is $42.07.

Leonardo DRS (NASDAQ:DRSGet Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.05. The company had revenue of $846.00 million during the quarter, compared to the consensus estimate of $825.05 million. Leonardo DRS had a return on equity of 12.02% and a net margin of 7.85%.The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.20 earnings per share. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. As a group, research analysts forecast that Leonardo DRS, Inc. will post 1.3 earnings per share for the current year.

Leonardo DRS Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were given a $0.09 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. Leonardo DRS’s payout ratio is currently 33.64%.

Institutional Investors Weigh In On Leonardo DRS

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Clearstead Advisors LLC increased its position in shares of Leonardo DRS by 564.1% in the third quarter. Clearstead Advisors LLC now owns 684 shares of the company’s stock valued at $31,000 after acquiring an additional 581 shares during the last quarter. Quarry LP grew its stake in Leonardo DRS by 7,041.7% in the fourth quarter. Quarry LP now owns 857 shares of the company’s stock valued at $29,000 after purchasing an additional 845 shares in the last quarter. Allworth Financial LP increased its position in shares of Leonardo DRS by 504.1% during the 3rd quarter. Allworth Financial LP now owns 882 shares of the company’s stock worth $40,000 after purchasing an additional 736 shares during the last quarter. Fifth Third Bancorp acquired a new position in shares of Leonardo DRS during the 1st quarter worth approximately $41,000. Finally, Leonteq Securities AG bought a new stake in shares of Leonardo DRS during the 4th quarter worth approximately $34,000. 18.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on DRS shares. Truist Financial upgraded shares of Leonardo DRS to a “strong-buy” rating in a report on Friday, May 1st. Morgan Stanley set a $47.00 price objective on shares of Leonardo DRS in a research report on Wednesday, February 25th. Weiss Ratings lowered shares of Leonardo DRS from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. Bank of America lifted their price target on Leonardo DRS from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, March 25th. Finally, Wall Street Zen raised Leonardo DRS from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $52.80.

View Our Latest Research Report on Leonardo DRS

About Leonardo DRS

(Get Free Report)

Leonardo DRS is a U.S.-based defense technology company and wholly owned subsidiary of Italy’s Leonardo S.p.A. The firm specializes in developing and integrating mission-critical systems for military and government customers, with a primary focus on command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR). Its core offerings encompass advanced sensors, targeting systems, radars and electronic warfare solutions designed to enhance situational awareness and operational effectiveness across land, sea and air domains.

The company’s portfolio includes naval combat management systems, unmanned vehicle sensors, power generation and distribution equipment, and training and simulation solutions.

Further Reading

Insider Buying and Selling by Quarter for Leonardo DRS (NASDAQ:DRS)

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